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Earnings Per Share | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per share (“EPS”) is computed based on the weighted average number of common shares outstanding for the period, excluding any dilutive common share equivalents. Diluted EPS reflects the potential dilution resulting from exercises of stock options, vesting of performance share units, vesting of restricted stock, vesting of restricted stock units, and conversion of preferred stock. In loss periods, stock options, vesting of performance share units, vesting of restricted stock, vesting of restricted stock units, and conversion of preferred stock are excluded from the calculation of diluted loss per share, as the inclusion of stock options, vesting of performance share units, vesting of restricted stock, vesting of restricted stock units, and conversion of preferred stock would have an anti-dilutive effect. There is no difference between basic and diluted income or loss per share. The following table reconciles the numerator (i.e., income) and denominator (i.e., shares) of the basic and diluted EPS computations for the periods presented (in thousands, except per share data):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Numerator for EPS: |  |  |  |  |  |  |
Net income (loss) | $ | (72,275) |  |  | $ | 20,183 |  |  | $ | (47,368) |  |  | $ | 68,532 |
Less: Preferred stock dividends | (3) |  |  | (3) |  |  | (8) |  |  | (8) |
Income (loss) available to common stockholders | $ | (72,278) |  |  | $ | 20,180 |  |  | $ | (47,376) |  |  | $ | 68,524 |
Denominator for EPS: |  |  |  |  |  |  |
Weighted average common shares outstanding | 30,604 |  |  | 31,247 |  |  | 30,858 |  |  | 31,232 |
Plus: Assumed conversion of share-based compensation (1) | — |  |  | 65 |  |  | — |  |  | 45 |
Assumed conversion of preferred stock | — |  |  | 25 |  |  | — |  |  | 25 |
Weighted average diluted common shares outstanding | 30,604 |  |  | 31,337 |  |  | 30,858 |  |  | 31,302 |
Basic earnings (loss) per common share | $ | (2.36) |  |  | $ | 0.65 |  |  | $ | (1.54) |  |  | $ | 2.19 |
Diluted earnings (loss) per common share | $ | (2.36) |  |  | $ | 0.64 |  |  | $ | (1.54) |  |  | $ | 2.19 |
(1) |  | Represents the dilutive effect of unexercised stock options, unvested performance share units, unvested restricted stock units and unvested restricted stock.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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